Second Regular Session
Seventy-third General Assembly
STATE OF COLORADO
INTRODUCED
LLS NO. 22-0699.02 Brita Darling x2241
HOUSE BILL 22-1359
House Committees Senate Committees
Finance
A BILL FOR AN ACT
C
ONCERNING THE CREATION OF THE COLORADO HOUSEHOLD101
FINANCIAL RECOVERY PROGRAM .102
Bill Summary
(Note: This summary applies to this bill as introduced and does
not reflect any amendments that may be subsequently adopted. If this bill
passes third reading in the house of introduction, a bill summary that
applies to the reengrossed version of this bill will be available at
http://leg.colorado.gov
.)
The bill requires the state treasurer to establish the Colorado
household financial recovery program (program) in the department of the
treasury to partner with financial institutions to incentivize lending to
low-income individuals and households impacted by the COVID-19
pandemic or its negative economic impacts.
Money available for the program must be used for one or more of
HOUSE SPONSORSHIP
Bacon and Snyder,
SENATE SPONSORSHIP
Rodriguez,
Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment.
Capital letters or bold & italic numbers indicate new material to be added to existing statute.
Dashes through the words indicate deletions from existing statute. the following purposes:
! To establish a loan loss reserve to partially offset risk to
lenders in making loans to individuals and households
impacted by the COVID-19 pandemic;
! To make payments to lenders to buy down interest rates on
loans made to individuals and households impacted by the
COVID-19 pandemic;
! To provide lending capital for affordable, small loans to
individuals and households impacted by the COVID-19
pandemic; or
! To award grants to nonprofit community-based
organizations to conduct marketing and outreach to
individuals and households impacted by the COVID-19
pandemic who may be eligible to participate in the
program.
The state treasurer may select one or more program administrators,
including banks, community development financial institutions, or credit
unions, to administer all or a portion of the money available for the
program. The administrator or administrators are selected based, in part,
on their proposed use of the money, their ability to partner with nonprofit
community-based organizations that work with individuals and
households impacted by the COVID-19 pandemic, and to connect
borrowers to affordable banking products and other financial services.
The bill specifies program policies, including loan terms, and
requires the state treasurer and administrators to establish and publicize
additional program policies as necessary.
The state treasurer or an administrator may establish a loan loss
reserve to partially offset loan losses and thereby incentivize lending by
financial institutions to individuals and households impacted by the
COVID-19 pandemic. The state treasurer shall determine the amount of
the offset and shall establish and publicize policies for participating
financial institutions.
The state treasurer shall report annually to the governor and certain
committees of the general assembly concerning the use of program money
and other information concerning the program.
The bill creates a fund for the program and identifies allowable
uses of the money in the fund.
Be it enacted by the General Assembly of the State of Colorado:1
SECTION 1. In Colorado Revised Statutes, add part 3 to article2
36 of title 24 as follows:3
PART 34
HB22-1359-2- COLORADO HOUSEHOLD FINANCIAL1
RECOVERY PROGRAM2
24-36-301. Short title. T
HE SHORT TITLE OF THIS PART 3 IS THE3
"C
OLORADO HOUSEHOLD FINANCIAL RECOVERY PROGRAM ACT".4
24-36-302. Legislative declaration. (1) T
HE GENERAL ASSEMBLY5
FINDS AND DECLARES THAT:6
(a) T
HE COVID-19 PANDEMIC HAS HAD DEVASTATING ECONOMIC7
AND HEALTH CONSEQUENCES ACROSS THE STATE , NEGATIVELY IMPACTING8
MANY COLORADANS AND DISPROPORTIONATELY HARMING INDIVIDUALS9
AND HOUSEHOLDS THAT WERE ALREADY ECONOMICALLY INSECURE ;10
(b) T
HE COVID-19 PANDEMIC HAS CAUSED MANY LOW - AND11
MODERATE-INCOME INDIVIDUALS AND HOUSEHOLDS TO LOSE INCOME DUE12
TO THE LOSS OF EMPLOYMENT , SPEND DOWN THEIR SAVINGS , BORROW13
FROM FRIENDS, AND INCUR MORE DEBT;14
(c) A
S A RESULT OF THE RECESSION PRECIPITATED BY THE15
COVID-19
PANDEMIC, LONG-TERM ECONOMIC CHALLENGES CONTINUE16
FOR MANY IN COLORADO, DUE TO, AMONG OTHER FACTORS , DAMAGED17
CONSUMER CREDIT SCORES AND REDUCED FAMILIAL AND CHILDHOOD18
WELL-BEING;19
(d) F
URTHER, MANY INDIVIDUALS AND HOUSEHOLDS FACING20
FINANCIAL INSECURITY, INCLUDING UNSERVED AND UNDERSERVED21
POPULATIONS, LACK ACCESS TO FINANCIAL AND BANKING SERVICES ,22
INCLUDING AFFORDABLE LOANS , TO HELP ADDRESS EC ONOMIC23
INSECURITY;24
(e) T
OGETHER WITH FINANCIAL COACHING AND SAFE AND25
AFFORDABLE BANKING PRODUCTS , LOW-COST LOANS ARE AN IMPORTANT26
TOOL TO BUILD LONG-TERM FINANCIAL HEALTH;27
HB22-1359
-3- (f) BY INCENTIVIZING FINANCIAL INSTITUTIONS TO ISSUE LOANS TO1
IMPACTED INDIVIDUALS AND HOUSEHOLDS THROUGH A LOAN LOSS2
RESERVE, BUYING DOWN INTEREST RATES , OR PROVIDING LENDING3
CAPITAL, THE STATE CAN FOSTER LONG-TERM TRANSFORMATIVE CHANGE4
FOR INDIVIDUALS AND HOUSEHOLDS IMPACTED BY THE COVID-195
PANDEMIC OR ITS NEGATIVE ECONOMIC IMPACTS ;6
(g) W
ITH ONE-TIME MONEY, THE STATE CAN CATALYZE POSITIVE7
MARKET FORCES THAT EXIST OUTSIDE OF STATE GOVERNMENT ,8
LEVERAGING NEW, OR FREEING UP EXISTING, RESOURCES TO SUPPORT THE9
CREATION OF AFFORDABLE LENDING PRODUCTS CURRENTLY UNAVAILABLE10
TO MANY COLORADANS; AND11
(h) T
HEREFORE, THE CREATION OF A HOUSEHOLD FINANCIAL12
RECOVERY PROGRAM SUPPORTS THE LONG -TERM RECOVERY OF COLORADO13
INDIVIDUALS AND HOUSEHOLDS IMPACTED BY THE COVID-19 PANDEMIC14
AND IS AN APPROPRIATE RESPONSE TO THE HARM CAUSED BY THE15
COVID-19
PANDEMIC OR ITS NEGATIVE ECONOMIC IMPACTS .16
24-36-303. Definitions. A
S USED IN THIS PART 3, UNLESS THE17
CONTEXT OTHERWISE REQUIRES :18
(1) "A
DMINISTRATOR" MEANS AN ENTITY THAT THE STATE19
TREASURER CONTRACTS WITH PURSUANT TO SECTION 24-36-304 TO20
ADMINISTER THE PROGRAM .21
(2) "C
OUNCIL" MEANS THE COUNCIL ESTABLISHED PURSUANT TO22
SECTION 24-31-1102 (3)(c) BY THE FINANCIAL EMPOWERMENT OFFICE23
CREATED IN SECTION 24-31-1101.24
(3) "COVID-19"
MEANS THE CORONAVIRUS DISEASE CAUSED BY25
THE SEVERE ACUTE RESPIRATORY SYNDROME CORONAVIRUS 2, ALSO26
KNOWN AS SARS-COV-2.27
HB22-1359
-4- (4) "FUND" MEANS THE COLORADO HOUSEHOLD FINANCIAL1
RECOVERY PROGRAM FUND CREATED IN SECTION 24-36-306.2
(5) "P
ROGRAM" MEANS THE COLORADO HOUSEHOLD FINANCIAL3
RECOVERY PROGRAM CREATED IN THIS PART 3.4
24-36-304. Colorado household financial recovery program -5
created - selection of administrators - grants. (1) T
HE STATE6
TREASURER SHALL ESTABLISH THE COLORADO HOUSEHOLD FINANCIAL7
RECOVERY PROGRAM ADMINISTERED IN ACCORDANCE WITH THE8
REQUIREMENTS OF THIS PART 3 AND ANY POLICIES ESTABLISHED FOR THE9
PROGRAM BY THE STATE TREASURER OR BY AN ADMINISTRATOR PURSUANT10
TO SUBSECTION (8) OF THIS SECTION. THE PURPOSE OF THE PROGRAM IS TO11
FACILITATE LENDING TO INDIVIDUALS AND HOUSEHOLDS IMPACTED BY THE12
COVID-19
PANDEMIC WHO FACE FINANCIAL INSECURITY AND WHO HAVE13
DIFFICULTY ACCESSING AFFORDABLE LOANS TO ADDRESS THE FINANCIAL14
INSECURITY.15
(2) (a) I
N RESPONSE TO THE COVID-19 PANDEMIC AND THE HARM16
CAUSED TO INDIVIDUALS AND HOUSEHOLDS BY ITS NEGATIVE ECONOMIC17
IMPACTS, MONEY FOR THE PROGRAM MAY BE USED FOR ONE OR MORE OF18
THE FOLLOWING PURPOSES UNDER THE PROGRAM TO ASSIST INDIVIDUALS19
AND HOUSEHOLDS IMPACTED BY THE COVID-19 PANDEMIC:20
(I) T
O ESTABLISH A LOAN LOSS RESERVE IN ACCORDANCE WITH21
SUBSECTION (9) OF THIS SECTION TO PARTIALLY OFFSET RISK TO LENDERS22
IN MAKING LOANS TO INDIVIDUALS AND HOUSEHOLDS IMPACTED BY THE23
COVID-19
PANDEMIC;24
(II) T
O MAKE PAYMENTS TO LENDERS TO BUY DOWN THE INTEREST25
RATE ON LOANS MADE TO INDIVIDUALS AND HOUSEHOLDS IMPACTED BY26
THE COVID-19 PANDEMIC;27
HB22-1359
-5- (III) TO PROVIDE LENDING CAPITAL FOR UNCOLLATERALIZED1
LOANS TO INDIVIDUALS AND HOUSEHOLDS IMPACTED BY THE COVID-192
PANDEMIC. ALL LOANS MADE OR INCENTIVIZED UNDER THE PROGRAM3
MUST INCLUDE THE FOLLOWING TERMS :4
(A) A
MAXIMUM LOAN AMOUNT OF FIVE THOUSAND DOLLARS ,5
WHICH LOAN AMOUNT MAY OTHERWISE VARY IN PROPORTION TO THE6
HARM EXPERIENCED BY THE INDIVIDUALS OR HOUSEHOLDS IMPACTED BY7
THE COVID-19 PANDEMIC;8
(B) A
MAXIMUM ANNUAL PERCENTAGE RATE OF FIVE PERCENT ;9
(C) B
ORROWER REPORTING; AND10
(D) R
EPORTING TO MAJOR CREDIT AGENCIES CONCERNING11
REQUIRED PAYMENTS ON THE LOAN .12
(IV) T
O AWARD GRANTS TO NONPROFIT COMMUNITY -BASED13
ORGANIZATIONS IN ACCORDANCE WITH SUBSECTION (10) OF THIS SECTION14
TO CONDUCT MARKETING AND OUTREACH TO INDIVIDUALS AND15
HOUSEHOLDS IMPACTED BY THE COVID-19 PANDEMIC WHO MAY BE16
ELIGIBLE TO PARTICIPATE IN THE PROGRAM, INCLUDING MARKETING AND17
OUTREACH TO INDIVIDUALS AND HOUSEHOLDS THAT ARE ECONOMICALLY18
INSECURE AND FINANCIALLY UNSERVED AND UNDERSERVED .19
(b) T
HE STATE TREASURER MAY CONTRACT WITH ONE OR MORE20
FINANCIAL INSTITUTIONS, INCLUDING BANKS, COMMUNITY DEVELOPMENT21
FINANCIAL INSTITUTIONS, OR CREDIT UNIONS, TO ADMINISTER ALL OR A22
PORTION OF THE MONEY AVAILABLE FOR THE PROGRAM .23
(3) T
HE STATE TREASURER SHALL:24
(a) U
SE AN OPEN AND COMPETITIVE PROCESS FOR SELECTING ONE25
OR MORE ADMINISTRATORS ; AND26
(b) S
ELECT AN APPLICANT OR APPLICANTS TO ADMINISTER THE27
HB22-1359
-6- PROGRAM BASED ON THE FOLLOWING CRITERIA :1
(I) T
HE APPLICANT'S PROPOSED USE OF MONEY AND WHETHER THE2
PROPOSED USE ALIGNS WITH PROGRAM GOALS ;3
(II) T
HE STRENGTH OF THE APPLICANT 'S RELATIONSHIPS WITH4
NONPROFIT COMMUNITY-BASED ORGANIZATIONS THAT SERVE INDIVIDUALS5
AND HOUSEHOLDS IMPACTED BY THE COVID-19 PANDEMIC WHO:6
(A) A
RE TRADITIONALLY UNSERVED OR UNDERSERVED BY THE7
CURRENT BANKING SYSTEM ; AND8
(B) S
UFFERED THE GREATEST HARM FROM THE NEGATIVE9
ECONOMIC IMPACTS OF THE COVID-19 PANDEMIC, INCLUDING PEOPLE OF10
COLOR, INDIVIDUALS IN LOW -WAGE EMPLOYMENT , WOMEN, AND11
INDIVIDUALS WITHOUT COLLEGE DEGREES ;12
(III) T
HE APPLICANT'S ABILITY TO CONNECT BORROWERS TO :13
(A) S
AFE AND AFFORDABLE BANKING PRODUCTS WITH LOW FEES14
AND EASY ACCESS TO ACCOUNTS ; AND15
(B) F
INANCIAL COUNSELING AND COACHING AND16
WEALTH-BUILDING SERVICES;17
(IV) T
HE APPLICANT'S ABILITY TO SERVE INDIVIDUALS WHO ARE18
UNDERSERVED BY TRADITIONAL LENDERS , INCLUDING INDIVIDUALS WHO19
HAVE NO CREDIT HISTORY;20
(V) T
HE ABILITY OF THE APPLICANT TO DEVISE LOAN PAYMENT21
PLANS THAT INCLUDE OPPORTUNITIES TO BUILD SAVINGS ; AND22
(VI) T
HE APPLICANT'S ABILITY TO ATTRACT LENDING CAPITAL.23
(4) I
N SELECTING AN APPLICANT OR APPLICANTS TO ADMINISTER24
THE PROGRAM, THE STATE TREASURER SHALL CONSULT WITH THE25
COUNCIL. MEMBERS OF THE COUNCIL WHO ARE OFFICIALS IN OR26
EMPLOYEES OF THE DEPARTMENT OF LAW SHALL RECUSE THEMSELVES27
HB22-1359
-7- FROM THE EVALUATION AND SELECTION PROCESS .1
(5) T
HE STATE TREASURER MAY ADVANCE MONEY UNDER A2
CONTRACT TO AN APPLICANT SELECTED TO ADMINISTER THE PROGRAM IN3
ORDER TO PAY FOR INITIAL COSTS.4
(6) T
HE STATE TREASURER'S CONTRACT WITH AN ADMINISTRATOR5
MAY REQUIRE THE RETURN OF MONEY FROM THE ADMINISTRATOR FOR6
REALLOCATION UNDER THE PROGRAM IF THE ADMINISTRATOR HAS BEEN7
UNABLE TO EFFECTIVELY USE MONEY ALLOCATED FOR THE PROGRAM .8
(7) T
HE STATE TREASURER'S CONTRACT WITH AN ADMINISTRATOR9
MAY REQUIRE AN ADMINISTRATION FEE IN AN AMOUNT REASONABLY10
CALCULATED TO COVER THE ONGOING COSTS OF THE STATE TREASURER IN11
OVERSEEING THE PROGRAM ADMINISTRATION . THE STATE TREASURER12
SHALL DEPOSIT THE ADMINISTRATION FEE IN THE FUND .13
(8) T
HE STATE TREASURER , IN COLLABORATION WITH ANY14
ADMINISTRATOR SELECTED BY THE STATE TREASURER , SHALL ESTABLISH15
AND PUBLICIZE POLICIES FOR THE USE OF MONEY UNDER THE PROGRAM , TO16
INCLUDE:17
(a) P
ROGRAM DEADLINES, APPLICATION PROCEDURES AND FEES ,18
AND ANY OTHER COSTS ASSOCIATED WITH THE USE OF MONEY UNDER THE19
PROGRAM;20
(b) U
NDERWRITING OR RISK MANAGEMENT POLICIES ; AND21
(c) E
LIGIBILITY REQUIREMENTS TO INCLUDE INDIVIDUALS AND22
HOUSEHOLDS IMPACTED BY THE COVID-19 PANDEMIC.23
(9) (a) I
F THE STATE TREASURER DETERMINES THAT A LOAN LOSS24
RESERVE WILL INCENTIVIZE LENDING TO INDIVIDUALS AND HOUSEHOLDS25
IMPACTED BY THE COVID-19 PANDEMIC, THE STATE TREASURER MAY26
ESTABLISH A LOAN LOSS RESERVE FOR THE PROGRAM IN THE DEPARTMENT27
HB22-1359
-8- OF THE TREASURY, OR MAY SELECT ONE OR MORE ADMINISTRATORS1
PURSUANT TO SUBSECTION (3) OF THIS SECTION TO ESTABLISH A LOAN2
LOSS RESERVE. THE LOAN LOSS RESERVE MAY BE USED TO PROVIDE3
GRANTS TO FINANCIAL INSTITUTIONS PARTICIPATING IN THE PROGRAM TO4
PARTIALLY OFFSET LOSSES ON LOANS MADE TO INDIVIDUALS AND5
HOUSEHOLDS IMPACTED BY THE COVID-19 PANDEMIC.6
(b) T
HE STATE TREASURER SHA LL DETERMINE THE AMOUNT AND7
CONDITIONS FOR THE OFFSET OF LOSSES THROUGH THE LOAN LOSS8
RESERVE AND SHALL ESTABLISH AND PUBLICIZE POLICIES FOR9
PARTICIPATING FINANCIAL INSTITUTIONS.10
(10) (a) T
HE STATE TREASURER, OR AN ADMINISTRATOR SELECTED11
PURSUANT TO SUBSECTION (3) OF THIS SECTION, MAY AWARD GRANTS TO12
NONPROFIT COMMUNITY-BASED ORGANIZATIONS TO CONDUCT MARKETING13
AND OUTREACH TO INDIVIDUALS AND HOUSEHOLDS IMPACTED BY THE14
COVID-19
PANDEMIC WHO MAY BE ELIGIBLE TO PARTICIPATE IN THE15
PROGRAM, INCLUDING MARKETING AND OUTREACH TO INDIVIDUALS AND16
HOUSEHOLDS THAT ARE ECONOMICALLY INSECURE AND FINANCIALLY17
UNSERVED AND UNDERSERVED . THE STATE TREASURER , IN18
COLLABORATION WITH ANY ADMINISTRATOR SELECTED PURSUANT TO19
SUBSECTION (3) OF THIS SECTION, SHALL DEVELOP PROCEDURES FOR20
APPLYING FOR A GRANT, FOR ALLOWABLE USES OF GRANT MONEY , AND21
FOR REPORTING ON THE USE OF GRANT MONEY .22
(b) A
NONPROFIT COMMUNITY-BASED ORGANIZATION MAY USE A23
GRANT TO PROVIDE SERVICES AND ASSISTANCE TO THE PROGRAM ,24
INCLUDING:25
(I) E
DUCATIONAL AND OUTREACH ACTIVITIES , INCLUDING STAFF26
SUPPORT FOR THESE ACTIVITIES;27
HB22-1359
-9- (II) TECHNICAL ASSISTANCE RELATING TO THE PROGRAM ; AND1
(III) O
THER ACTIVITIES THAT HELP CONNECT INDIVIDUALS AND2
HOUSEHOLDS IMPACTED BY THE COVID-19 PANDEMIC TO THE PROGRAM.3
24-36-305. Report. (1) O
N OR BEFORE NOVEMBER 1, 2023, AND4
ON OR BEFORE NOVEMBER 1 OF EACH YEAR THEREAFTER IN WHICH THE5
PROGRAM IS BEING ADMINISTERED BY THE STATE TREASURER OR A6
SELECTED ADMINISTRATOR , THE STATE TREASURER SHALL SUBMIT A7
REPORT TO THE GOVERNOR AND TO THE HOUSE OF REPRESENTATIVES8
BUSINESS AFFAIRS AND LABOR COMMI TTEE AND THE SENATE BUSINESS ,9
LABOR, AND TECHNOLOGY COMMITTEE , OR THEIR SUCCESSOR10
COMMITTEES, DETAILING THE EXPENDITURE OF MONEY APPROPRIATED FOR11
THE PROGRAM AND THE IMPACT OF THE PROGRAM ON INDIVIDUALS AND12
HOUSEHOLDS IMPACTED BY THE COVID-19 PANDEMIC OR ITS NEGATIVE13
ECONOMIC IMPACTS. NOTWITHSTANDING THE REQUIREMENTS OF SECTION14
24-1-136 (11)(a)(I),
THE REQUIREMENT IN THIS SUBSECTION (1) TO SUBMIT15
THE REPORT CONTINUES INDEFINITELY .16
(2) A
T A MINIMUM, THE REPORT SUBMITTED PURSUANT TO17
SUBSECTION (1) OF THIS SECTION MUST INCLUDE:18
(a) T
HE PURPOSES, AS SPECIFIED IN SECTION 24-36-304 (2)(a), FOR19
WHICH PROGRAM MONEY WAS USED , AND THE NUMBER AND A20
DESCRIPTION OF THE INDIVIDUALS AND HOUSEHOLDS BENEFITTING FROM21
THE PROGRAM;22
(b) T
HE GEOGRAPHIC DISTRIBUTION OF PROGRAM BENEFICIARIES ;23
(c) T
HE NUMBER OF LOAN DEFAULTS ;24
(d) I
NFORMATION CONCERNING THE USE AND IMPACT OF A LOAN25
LOSS RESERVE; AND26
(e) A
SUMMARY OF GRANTS AWARDED TO NONPROFIT27
HB22-1359
-10- COMMUNITY-BASED ORGANIZATIONS TO PROVIDE EDUCATIONAL AND1
OUTREACH ACTIVITIES AND ASSISTANCE TO THE PROGRAM .2
24-36-306. Colorado household financial recovery program3
fund - created - transfer - gifts, grants, and donations authorized.4
(1) (a) T
HE COLORADO HOUSEHOLD FINANCIAL RECOVERY PROGRAM5
FUND IS HEREBY CREATED IN THE STATE TREASURY .6
(b) T
HE STATE TREASURER SHALL CREDIT ALL INTEREST AND7
INCOME DERIVED FROM THE DEPOSIT AND INVESTMENT OF MONEY IN THE8
FUND TO THE FUND.9
(c) M
ONEY APPROPRIATED, TRANSFERRED, OR CREDITED TO THE10
FUND IS CONTINUOUSLY APPROPRIATED TO THE STATE TREASURER FOR THE11
PURPOSES SPECIFIED IN SUBSECTION (4) OF THIS SECTION.12
(d) T
HE STATE TREASURER MAY EXPEND UP TO TWO PERCENT OF13
THE MONEY APPROPRIATED TO THE FUND TO PAY THE DIRECT AND14
INDIRECT COSTS INCURRED BY THE STATE TREASURER IN IMPLEMENTING15
OR ADMINISTERING THE PROGRAM .16
(2) T
HE FUND CONSISTS OF:17
(a) M
ONEY APPROPRIATED TO THE FUND BY THE GENERAL18
ASSEMBLY FOR PURPOSES OF THIS PART 3;19
(b) M
ONEY TRANSFERRED TO THE FUND ;20
(c) F
EES COLLECTED PURSUANT TO SECTION 24-36-304 (7); AND21
(d) G
IFTS, GRANTS, OR DONATIONS CREDITED TO THE FUND22
PURSUANT TO SUBSECTION (3) OF THIS SECTION.23
(3) T
HE STATE TREASURER MAY SEEK, ACCEPT, AND EXPEND GIFTS,24
GRANTS, OR DONATIONS FROM PRIVATE OR PUBLIC SOURCES FOR THE25
PURPOSES OF THIS PART 3. THE STATE TREASURER SHALL CREDIT ALL26
MONEY RECEIVED THROUGH GIFTS , GRANTS, AND DONATIONS TO THE27
HB22-1359
-11- FUND.1
(4) M
ONEY IN THE FUND MAY BE USED FOR:2
(a) T
HE PURPOSES SPECIFIED IN SECTION 24-36-304; AND3
(b) A
NY OTHER PURPOSE RELATING TO THE ADMINISTRATION AND4
IMPLEMENTATION OF THIS PART 3.5
SECTION 2. Safety clause. The general assembly hereby finds,6
determines, and declares that this act is necessary for the immediate7
preservation of the public peace, health, or safety.8
HB22-1359
-12-